Annual report pursuant to Section 13 and 15(d)

Investment Income

v2.4.0.8
Investment Income
 12 Months Ended
Sep. 28, 2014
Investment Income, Net [Abstract]  
Note 3 - Investment Income
Note 3. Investment Income
Investment income, net was comprised as follows (in millions):
 
2014
 
2013
 
2012
Interest and dividend income
$
586

 
$
697

 
$
609

Interest expense
(5
)
 
(23
)
 
(90
)
Net realized gains on marketable securities
770

 
317

 
342

Net realized gains on other investments
56

 
52

 
27

Impairment losses on marketable securities
(156
)
 
(72
)
 
(71
)
Impairment losses on other investments
(24
)
 
(13
)
 
(12
)
Net gains on derivative instruments
5

 
—

 
84

Equity in net losses of investees
(10
)
 
(6
)
 
(9
)
Net gains on deconsolidation of subsidiaries
6

 
12

 
—

 
$
1,228

 
$
964

 
$
880


Net impairment losses on marketable securities related to the noncredit portion of losses on debt securities recognized in other comprehensive income were negligible for all periods presented.